The Kishore Biyani-led FRL is locked in a legal battle against Amazon at various forums, over a #merger deal which it had signed in August 2020 with Mukesh Ambani's #RIL.

Read more 👇
https://www.moneycontrol.com/news/business/companies/factbox-forums-where-future-retail-amazon-case-is-under-litigation-8169611.html?utm_source=telegram&utm_medium=social

Vendors, employees, landlords, and suppliers of the #FutureGroup have expressed hopes of reviving business as they welcome #RIL taking operational charge of the stores which are being rebranded under the #RelianceRetail label.

Read more at ⤵️
https://www.moneycontrol.com/news/business/companies/future-retail-employees-vendors-heave-sigh-of-relief-as-reliance-takes-over-stores-8187631.html?utm_source=telegram&utm_medium=social

#MarketsWithMC: Morgan Stanley has upgraded the #RIL target price by 20% to Rs 3,253 a share and reiterated its overweight rating after the firm sought to be the world's top blue hydrogen maker, sending shares to 52 week high.

Read at:
https://www.moneycontrol.com/news/business/stocks/morgan-stanley-bumps-up-reliance-target-as-conglomerate-aims-for-blue-hydrogen-crown-shares-pop-8387711.html?utm_source=telegram&utm_medium=social

#MarketsWithMC: India's most valued firm, #RIL, today crossed Rs 19 trillion in market capitalisation for the first time as the stock hit a record of Rs 2,757 on BSE, up 1.7% intraday.

Read at:
https://www.moneycontrol.com/news/business/earnings/indias-most-valued-firm-reliance-crosses-rs-19-trillion-in-market-cap-8416831.html?utm_source=telegram&utm_medium=social

#MarketsWithMC | Brokerages were largely positive on #RelianceIndustries after the oil-to-telecom conglomerate’s March quarter earnings, reported on May 6.

Here's what analysts have to say about #RIL results 👇
https://moneycontrol.com/news/business/markets/one-of-best-earnings-growth-story-among-largecaps-analysts-react-to-rils-q4-performance-8473941.html?utm_source=telegram&utm_medium=social

#RILAGM2022: "I would like to announce our new Giga Factory for Power Electronics. One of the key components linking the entire value chain of Green Energy is affordable and reliable power electronics," said #RIL Chairman #MukeshAmbani.

#RILAGM2022: "We are privileged to have world’s leading tech cos as partners in our ‘Made in India’ 5G collaboration Meta, Google, Microsoft, Ericsson, Nokia, Samsung, Cisco. Today, I announce an exciting partnership with Qualcomm," said #RIL Chairman #MukeshAmbani.

#RILAGM2022: "I would like to announce our new Giga Factory for Power Electronics. One of the key components linking the entire value chain of Green Energy is affordable and reliable power electronics," said #RIL Chairman #MukeshAmbani.

#RILAGM2022: "Even when Reliance further expands its global footprint in the future, which it surely will, it will proudly retain its Indian soul and Indian identity," said #RIL Chairman #MukeshAmbani.